The middle class of the Middle Kingdom stampedes for the exit – they desperately buy anything that looks like a safe investment in the Americas, Europe or Australia. It’s a bit like the rats leaving the sinking ship. Knowing how draconian penalties for bringing money out of China are shows me how dire the situation must already be. Not even the members of the regime trust Chinas prospects anymore. So, this China accounts for 50% of all LNG growth. If this is LNG’s lifeline, hard times will be upon us soon.
The demand for liquefied natural gas (LNG) in China broke a record in 2017 and is set to break another one this year, according to Wood Mackenzie, which may auger well for new LNG projects, like the $40 billion LNG Canada.